Wall Street

Swiss detail revenue split for global minimum tax rate

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Reuters UK

ZURICH (Reuters) – The Swiss federal government will get a quarter and regional and local authorities three-quarters of revenue from a supplemental tax the country is rolling out to implement a 15% minimum tax rate on big multinational companies, it said on Thursday. Switzerland said in January it would implement from 2024 the minimum tax rate for large multinational companies agreed last year by the OECD and G20 member states. “Based on the results of consultations, the Confederation should receive 25% of the receipts from the supplementary tax and use the funds for the benefit of Switzerland…

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